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The latest announcement is out from Lumax Industries Limited ( (IN:LUMAXIND) ).
Lumax Industries Limited reported strong financial performance for the third quarter and nine months ending December 31, 2024, with a significant year-over-year revenue growth of 40.4% in Q3 and 30.8% for the nine-month period. The company’s strategic focus on LED lighting, which now constitutes 52% of total revenues, is a key driver of its growth. Despite a slight decrease in EBITDA margin, the overall profitability improved, showcasing robust operational efficiency and solid market positioning in the automotive lighting sector.
More about Lumax Industries Limited
Lumax Industries Limited is a leader in the automotive lighting and illumination industry, focusing on LED and conventional lighting solutions. The company caters to a diverse market, including passenger vehicles, two-wheelers, and commercial vehicles, with a significant portion of its revenue coming from LED lighting.
YTD Price Performance: -6.31%
Average Trading Volume: 321
Current Market Cap: 20.96B INR
For an in-depth examination of LUMAXIND stock, go to TipRanks’ Stock Analysis page.